FS Credit Opportunities Corp. Boosts January 2025 Distribution by 7.5% for Shareholders
FS Credit Opportunities Corp. (FSCO), a notable player on the New York Stock Exchange, has declared an increase in its monthly distribution for January 2025. This increase, which amounts to approximately 7.5%, was officially announced by the Fund's Board of Directors on January 9, 2025. The new distribution rate will see shareholders receive $0.0645 per share, payable on January 31, 2025. This adjustment marks a significant rise from the December distribution and showcases the Fund's robust strategy and management practices.
Andrew Beckman, Head of FS Investments' Global Credit segment and Portfolio Manager for FSCO, expressed his satisfaction regarding the announcement. He emphasized that the new monthly rate signifies a 51.8% increase since the Fund's listing in November 2022 and represents the second enhancement over the past year. Mr. Beckman attributes this growth to FSCO's innovative credit strategy that invests dynamically across both public and private markets. This approach, along with the team's expertise and solid portfolio, positions the Fund favorably to deliver an enticing yield for its investors and ensure commendable total returns.
As of December 31, 2024, the annualized distribution yield has reached impressive levels: 10.1% based on the Fund's net asset value (NAV) and 10.6% based on market price. Notably, the monthly distributions have been consistently supported by the Net Investment Income received by the Fund throughout the last year, which adds to the confidence of current and prospective investors. Furthermore, for the same period, the Fund recorded a notable total return of 14.24% on NAV and an exceptional 34.7% on market price.
The Fund currently manages about $2.3 billion in assets, focusing on event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities. These diverse investment strategies help in navigating the intricacies of the current market landscape.
The monthly distribution, managed meticulously, is set on a predetermined schedule, with the upcoming distributions outlined as follows:
- Month: January
- Ex-Date: January 24, 2025
- Record Date: January 24, 2025
- Payable Date: January 31, 2025
Regular cash distributions are intended to provide stability to common shareholders, although the exact amounts may vary based on various influencing factors, including market fluctuations and portfolio composition. As always, shareholders are advised not to use this information when preparing their tax documents, as official forms will be provided for income tax reporting purposes.
Investors contemplating joining the FSCO journey should consider the investment goals, associated risks, fees, and other related expenses carefully. Detailed reports and filings for the Fund can readily be accessed via the Securities and Exchange Commission's EDGAR Database or the official Fund website at FS Investments.
FS Investments stands as a prominent global alternative asset manager, committed to delivering superior performance and innovative investment solutions. This esteemed firm oversees an impressive $82 billion in assets, catering to an extensive clientele that includes institutional and individual investors as well as financial professionals. FS Investments specializes in alternative asset classes and strategies, offering diversified capital solutions to general partners, asset owners, and portfolio companies. Their firm sustains a high-performance culture, focusing on value creation for clients and community engagement. With over 500 employees situated across the U.S., Europe, and Asia, FS Investments prides itself on its Philadelphia headquarters, nurturing a spirit of collaboration and growth within the financial landscape.
Andrew Beckman, Head of FS Investments' Global Credit segment and Portfolio Manager for FSCO, expressed his satisfaction regarding the announcement. He emphasized that the new monthly rate signifies a 51.8% increase since the Fund's listing in November 2022 and represents the second enhancement over the past year. Mr. Beckman attributes this growth to FSCO's innovative credit strategy that invests dynamically across both public and private markets. This approach, along with the team's expertise and solid portfolio, positions the Fund favorably to deliver an enticing yield for its investors and ensure commendable total returns.
As of December 31, 2024, the annualized distribution yield has reached impressive levels: 10.1% based on the Fund's net asset value (NAV) and 10.6% based on market price. Notably, the monthly distributions have been consistently supported by the Net Investment Income received by the Fund throughout the last year, which adds to the confidence of current and prospective investors. Furthermore, for the same period, the Fund recorded a notable total return of 14.24% on NAV and an exceptional 34.7% on market price.
The Fund currently manages about $2.3 billion in assets, focusing on event-driven credit, special situations, private capital solutions, and other non-traditional credit opportunities. These diverse investment strategies help in navigating the intricacies of the current market landscape.
The monthly distribution, managed meticulously, is set on a predetermined schedule, with the upcoming distributions outlined as follows:
- Month: January
- Ex-Date: January 24, 2025
- Record Date: January 24, 2025
- Payable Date: January 31, 2025
Regular cash distributions are intended to provide stability to common shareholders, although the exact amounts may vary based on various influencing factors, including market fluctuations and portfolio composition. As always, shareholders are advised not to use this information when preparing their tax documents, as official forms will be provided for income tax reporting purposes.
Investors contemplating joining the FSCO journey should consider the investment goals, associated risks, fees, and other related expenses carefully. Detailed reports and filings for the Fund can readily be accessed via the Securities and Exchange Commission's EDGAR Database or the official Fund website at FS Investments.
About FS Investments
FS Investments stands as a prominent global alternative asset manager, committed to delivering superior performance and innovative investment solutions. This esteemed firm oversees an impressive $82 billion in assets, catering to an extensive clientele that includes institutional and individual investors as well as financial professionals. FS Investments specializes in alternative asset classes and strategies, offering diversified capital solutions to general partners, asset owners, and portfolio companies. Their firm sustains a high-performance culture, focusing on value creation for clients and community engagement. With over 500 employees situated across the U.S., Europe, and Asia, FS Investments prides itself on its Philadelphia headquarters, nurturing a spirit of collaboration and growth within the financial landscape.
Topics Financial Services & Investing）
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